Moody's might downgrade banks' ratings, JPMorgan says
A JPMorgan Chase report suggests that Moody's Investors Service might downgrade major banks' credit ratings as it revises the likelihood of systematically important financial institutions receiving taxpayer funds in future crises. "Our base case assumes that Moody's will remove some of the support from all or some of the holding companies under review, but will not completely remove the ratings uplift from support across the board," the report says. Bloomberg
Expected profits for Fannie, Freddie may affect housing reform
Fannie Mae and Freddie Mac are expected to show a profit this week when they announce earnings from the last quarter of 2012, further complicating the process of reforming the housing market. "The good news is they're actually starting to make money again," said Sen. Mark Warner, D-Va. "Bad news is if they make too much money, there may be a sense of, 'Well, let's not mess with them anymore.' We need housing-finance reform." Bloomberg
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Aston and Munder launch emerging-market mutual fund
Aston Asset Management and Lee Munder Capital Group have introduced a mutual fund investing in emerging-market equities. The ASTON/LMCG Emerging Markets Fund focuses on companies in eastern and southern Europe, Latin America, the Middle East, Africa and Asia. The basic objective is long-term capital appreciation. PlanAdviser.com
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